Orange County NC Website
48 <br /> 1 requested from CHCCS. She asked if OCS staff could clarify about the $2.7-$3.7 million ending <br /> 2 fund balance. <br /> 3 Rhonda Rath said based on what is currently known, OCS projects being revenue <br /> 4 neutral at the end of the fiscal year, which would bring the unassigned balance to that range of <br /> 5 $2.7-$3.7 million, or 2.5-3.5% of budgeted expenditures. <br /> 6 Commissioner Bedford said OCS has much less of a cushion that CHCCS. <br /> 7 Chair Price thanked both school districts for the presentations. <br /> 8 Commissioner McKee clarified that a penny tax increase generates $2.1 million, and the <br /> 9 debt service the County will already have to cover this year is over a 4-cent increase. He said if <br /> 10 the Board moves forward with the CHCCS request of around $8 million, it would require around <br /> 11 an 8 or 9-cent cent tax increase, instead of 4. He said such a proposition does not seem <br /> 12 doable. <br /> 13 Will Atherton said he hopes this Board can address, and fix, the Pre-K SAPFO issues. <br /> 14 <br /> 15 3. General Questions <br /> 16 <br /> 17 a. School Resource Officers (SROs) Review <br /> 18 <br /> 19 Due to the time, Chair Price said this discussion would be revisited at a future meeting. <br /> 20 <br /> 21 A motion was made by Commissioner McKee, seconded by Commissioner Fowler to <br /> 22 adjourn the meeting at 11:07 p.m. <br /> 23 <br /> 24 Roll call ensued. <br /> 25 <br /> 26 VOTE: UNANMIOUS <br /> 27 Renee Price, Chair <br /> 28 <br /> 29 <br /> 30 Recorded by Tara May, Deputy Clerk to the Board <br /> 31 <br /> 32 Submitted for approval by Laura Jensen, Clerk to the Board. <br />